Paris-based Corum Asset Management through the entity Corum Investments LLC paid $17.1 million to Toll Brothers through the entity 2686-2690 Broadway LLC for the retail condominium at 218 West 103rd Street in Upper West Side, Manhattan. The expected use is cash flowing. The deal closed on November 13, 2024 and was recorded on November 21, 2024. The property has 11,118 square feet of built space…
The Blackstone Group, which bought a portfolio of loans originated by the now shuttered Signature Bank, alleges in a new lawsuit filed yesterday in New York State Supreme Court that a $25 million promissory loan given to RFR Holding principals Aby Rosen and Michael Fuchs, not secured by real property, was in a payment and maturity default. Case LINK Court cases represent the position of…
UPDATED 12:30 p.m., November 21, 2024: Tilman Fertitta, who owns the Houston-based dining and entertainment company Landry’s, through the entity 2425 Project Owner LLC paid $30 million to the estate of George Schwarz, which owns Keens Steakhouse, through the entity 72 West 36th Street, L.L.C. for the mixed-use building (K4) at 72 West 36th Street in Garment District, Manhattan. The building is the home to…
Property Resources Corporation through the entity 75 Lewis Avenue LLC as borrower signed a refi loan with lender Acore Capital through the entity Acore Capital Mortgage, LP valued at $57.1 million for the 205-unit residential elevator building (D7) at 75-85 Lewis Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on November 13, 2024 and was recorded on November 20, 2024. The prior lender was Cain…
Ben-Josef Group Holdings through the entity Park House Plaza, LLC as borrower signed a refi loan with lender Bank of America valued at $72 million for the office building (O4) at 104 West 40th Street in Garment District, Manhattan. The deal closed on November 8, 2024 and was recorded on November 20, 2024. The prior lender was Wells Fargo which held debt that had an…
Glenwood Management through the entity West 38th Street LLC as borrower signed a refi loan with lender NYS Housing Finance Agency valued at $209.6 million for the 569-unit residential elevator building (D8) at 320 West 38th Street in Garment District, Manhattan. The deal closed on October 1, 2024 and was recorded on November 20, 2024. The prior lender was NYS Housing Finance Agency which held…
Akiva Kurland through the entity Hartland Ocean LLC paid $4.2 million to Brenda Elishis through the entity Ocean Avenue Associates LLC for the 40-unit residential walkup building (C1) at 540 Ocean Avenue in Flatbush, Brooklyn. The expected use is cash flowing. The deal closed on November 4, 2024 and was recorded on November 20, 2024. The property has 46,452 square feet of built space and…
Neofitos Stefanides through the entity 30-74 31 Street LLC paid $4.8 million to Wing Tsoi through the entity Team One Realty Inc for the office building (O7) at 30-74 31st Street in Astoria, Queens. The expected use is cash flowing. The deal closed on November 8, 2024 and was recorded on November 20, 2024. The property has 11,091 square feet of built space according to…
Benjamin Soleimani’s ABJ Properties pays $15.6M to Related Companies for four walkup properties in Prospect Heights, Brooklyn, in four transactions. In the first, ABJ Properties through the entity 315 Lincoln, LLC paid $6 million to Related Companies through the entity Nysandy15 Lincoln Place LLC for the 18-unit residential walkup building (C1) at 315 Lincoln Place in Prospect Heights, Brooklyn. The expected use is cash flowing….
Bashkim Celaj through the entity 720 West 181st Owner LLC paid $10.4 million to Daniel Goldberg through the entity Viaveb LLC for the 52-unit residential elevator building (D7) at 720 West 181st Street in Washington Heights, Manhattan. The expected use is cash flowing. The deal closed on November 15, 2024 and was recorded on November 20, 2024. The property has 51,144 square feet of built…
ZD Jasper Realty through the entity Zdj Greenpoint LLC paid $16.3 million to Jehovah’s Witnesses through the entity Christian Congregation Of Jehovah’s Witnesses for the theater building (M1) at 44-17 Greenpoint Avenue in Sunnyside, Queens. The expected use is ground up development. The deal closed on October 31, 2024 and was recorded on November 20, 2024. The property has 23,650 square feet of built space…
Parkview Properties through the entity Jamaica 8856 LLC paid $18.8 million to Jianfei Chen and Tao Shen through the entity 89th Ave Project LLC for the 51-unit residential elevator building (D1) at 88-56 162nd Street in Jamaica, Queens. The expected use is cash flowing. The deal closed on November 13, 2024 and was recorded on November 20, 2024. The property has 49,264 square feet of…
Watermark Capital Group and Borough Developers through the entity 649 Hart St LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $20 million for two properties including the two-unit retail building (O8) at 176 Central Avenue and the 38-unit building at 649 Hart Street in Brooklyn. The deal closed on November 15, 2024 and…
Blackstone Group through the entity B9 Zerega Owner LLC as borrower signed a refi loan with lender Morgan Stanley, Bank of America, Barclays, Goldman Sachs, and JPMorgan Chase valued at $26.8 million for the industrial building (E9) at 537 Zerega Avenue in Castle Hill, Bronx. The deal closed on November 8, 2024 and was recorded on November 19, 2024. The prior lender was Series 2020-VKNG…
Jenel Management through the entity Ditmars 22-11 LLC as borrower signed a refi loan with lender Webster Bank valued at $45 million for the retail building (K2) at 22-11 31st Street in Ditmars Steinway, Queens. The deal closed on November 12, 2024 and was recorded on November 19, 2024. The prior lender was Santander Bank which held debt that had an original loan amount of…
The 2221 Ave R Holdings LLC with unknown ownership paid $5.5 million to Congregation Beth Bracha and Yackob for the school building (W2) at 2221 Avenue R in Sheepshead Bay, Brooklyn. The deal closed on September 30, 2024 and was recorded on November 19, 2024. The property has 16,140 square feet of built space according to a PincusCo analysis of city data. The sale price…
Aron Stark through the entity 524 West 134th St LLC paid $6.8 million to Nathan Obstfeld through the entity 524 West 134th LLC for the 24-unit residential walkup building (C1) at 524 West 134th Street in Harlem, Manhattan. The expected use is cash flowing. The deal closed on October 31, 2024 and was recorded on November 19, 2024. The property has 15,370 square feet of…
Hotel owner Surjeet Kaur through the entity 78 Investors, LLC paid $6.8 million to the Koeppel family for the retail building (K1) at 78-17 Northern Boulevard and the retail building (K1) at 78-01 Northern Boulevard in Jackson Heights, Queens. PincusCo expects this will be a ground up development. The deal closed on November 4, 2024 and was recorded on November 19, 2024. The two properties…
Bnos Shifra through the entity Bnos Shifra Trust paid $6.8 million to Pirchei Shoshana through the entity Pirchei Shoshana, LLC for the retail building (K1) at 1462 39th Street in Borough Park, Brooklyn. The expected use is cash flowing. The deal closed on November 6, 2024 and was recorded on November 19, 2024. The property has 9,425 square feet of built space and 9,425 square…
Northwell Health through the entity Staten Island University Hospital paid $15.5 million to Rivercrest Realty Associates through the entity Seaview Dc, LLC for the office building (O1) at 500 Seaview Avenue in Midland Beach, Staten Island. The expected use is owner occupied. The deal closed on September 9, 2024 and was recorded on November 19, 2024. The property has 40,000 square feet of built space…
